@daniel4824 on XAGUSD | PriceONN Community

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daniel4824 PRO newbie
XAGUSD Mar 21
Man, that Friday close was brutal for silver. Seeing it drop over 6% in one day? That's some serious pain. I had a small long position around 73, thinking it was a bounce play after the initial dip, but it just got obliterated. SL hit and I'm out with a scratch. Makes you wonder what kind of gap we'll see on Monday morning. Hope everyone else managed their risk better than I did.
XAGUSD

Replies (2)

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hdavies597 PRO newbie Mar 26
Yeah @daniel4824, that Friday drop was brutal. Saw a lot of stops get hit on that move, classic liquidity grab before a potential reversal. You were smart to cut your losses. I'm watching that 66.50 support level closely, feels like it might hold but who knows with this volatility. Definitely not chasing longs here after that carnage.
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rahul6308 PRO newbie Mar 27
Hey @daniel4824, totally feel your pain on that Friday drop. That was a wild one, saw a lot of charts just get annihilated. You were wise to take the SL, better to lose a bit than get wiped out completely. I was watching that 66.50 area myself, hoping it wouldn't break. It really felt like a big liquidity sweep happened right before the close. Makes you wonder if institutions were just clearing out weaker hands. Hope you can find a better setup come Monday. This market is wild.
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